Procedia Economics and Finance最新文献_第10页

The Impact of Psychological Factors on Investors’ Decision Making in Malaysian Stock Market: A Case of Klang Valley and Pahang 心理因素对马来西亚股市投资者决策的影响:以巴生谷和彭亨州为例

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)00040-X

Suzaida Bakar, Amelia Ng Chui Yi

{"title":"The Impact of Psychological Factors on Investors’ Decision Making in Malaysian Stock Market: A Case of Klang Valley and Pahang","authors":"Suzaida Bakar, Amelia Ng Chui Yi","doi":"10.1016/S2212-5671(16)00040-X","DOIUrl":"10.1016/S2212-5671(16)00040-X","url":null,"abstract":"<div><p>For years, traditional finance has always presumed that investors are rational in their decision making process in the stock market about risk return trade-offs and maximizing utility. However, behavioral finance studies revealed that human beings do not behave as rationally as economists suppose as their decisions at times are affected by their psychological feelings. Numerous studies from ASEAN, Middle East and Western countries have in fact established that psychological factors do have relationships and impacts on the decision making of investors in their stock markets. In light of this, this research attempts to bridge the gap of the differences in terms of geographical location and demographic profile between Malaysia and other countries by examining the impact of the psychological factors on investors’ decision making in the Malaysian stock market. Questionnaires are distributed to a sample size of 200 investors in the Klang Valley and Pahang areas aged between 18-60 years who are involved in the Malaysian stock market. The findings show that overconfidence, conservatism and availability bias have significant impacts on the investors’ decision making while herding behavior has no significant impact on the investors’ decision making. It is also found that the psychological factors are dependent of individual's gender. The results of this research are mostly consistent with the evidences in previous studies. This study, hopefully, will help investors to be aware of the impact of their own psychological factors on their decision making in the stock market, thus increasing the rationality of investment decisions for enhanced market efficiency.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 319-328"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00040-X","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85131501","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 143

Educational Barriers for Disadvantaged Groups in Entrepreneurship 弱势群体创业的教育障碍

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)30268-4

G. Adriana

引用次数: 6

Institutions and Economic Performance: A Review on the Developing Countries 制度与经济绩效:发展中国家述评[j]

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)30207-6

Aynur Yıldırım , Mehmet Faysal Gökalp

{"title":"Institutions and Economic Performance: A Review on the Developing Countries","authors":"Aynur Yıldırım , Mehmet Faysal Gökalp","doi":"10.1016/S2212-5671(16)30207-6","DOIUrl":"10.1016/S2212-5671(16)30207-6","url":null,"abstract":"<div><p>The aim of this study is to analyze the relationship between institutions and macro-economic performance in terms of developing countries. For this purpose, for a period covering the years 2000-2011 through the use of 23 institutional structure variables in the study, the relationship between the institutional structure and macro-economic performance is investigated in sampling countries where 38 developing countries take place by using the ‘Panel Data Analysis’ method. The results of the analysis reveals that institutional structure indicators such as the integrity of the law system, regulations on trade barriers, restriction of foreign investments, the share of the private sector in the banking system and employment-dismissal variables have a positive effect on the macro-economic performance of the developing countries. On the other hand, according to the analysis results, variables such as judiciary independence, government expenditures, transfers and subsidies, civil freedoms, the black market exchange rate, collective bargaining and military tutelage (political stability) have been seen to have a negative impact on the macro-economic performances of developing countries.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"38 ","pages":"Pages 347-359"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30207-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87505825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 67

The Profitability of Islamic and Conventional Bank: Case Study in Malaysia 伊斯兰银行和传统银行的盈利能力:以马来西亚为例

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)00044-7

Hamidah Ramlan, Mohd Sharrizat Adnan

引用次数: 90

Women Engineering in Turkey: Case of Istanbul 土耳其女工程师:以伊斯坦布尔为例

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)30177-0

Havva Çaha, Jarkynay Turgunali

{"title":"Women Engineering in Turkey: Case of Istanbul","authors":"Havva Çaha, Jarkynay Turgunali","doi":"10.1016/S2212-5671(16)30177-0","DOIUrl":"10.1016/S2212-5671(16)30177-0","url":null,"abstract":"<div><p>There are fewer women prefer the engineering fields compared to men. Many obstacles are existed which suspend women from the engineering, and examinations of three of them is the aim of this study. The obtained findings from the literature review results and based on the related studies held in Turkey and other countries, it has been tried to analyze the three obstacles: the existence of male-dominated organizational culture at work, the existence of the presence of lack of job satisfaction at work, and the existence of the work-family conflicts, that are confronting women in entering and remaining in engineering occupations. In the application part of this research, via the findings from the literature, the survey covers 112 women employees graduated from the engineering domain. The research was done particularly in the city of Istanbul, Turkey. From the answers of the participants, it has been attempted to find out their views, feelings and opinions about the existence of the three barriers are mentioned above, according to their demographic peculiarities. The finding are showed that these reasons, which are the existence of the men-dominated organizational culture, the presence of lack of job satisfaction, and the work-family conflict are existed and confronted women from entering and remaining in engineering occupations.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"38 ","pages":"Pages 60-69"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30177-0","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87555954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Motivation to Adopt Renewable Energy among Generation Y Y世代采用可再生能源的动机

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)00055-1

Abdul Rahman Zahari, Elinda Esa

引用次数: 26

Preconditions Evaluation in Maritime Clustering Research 海洋集群研究中的前提条件评价

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)30337-9

Rasa Viederyte

引用次数: 4

Customer Voice Retaliation (CVR) Construct Verification: A Rasch Analysis Approach 顾客声音报复(CVR)结构验证:一种Rasch分析方法

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)30116-2

Nor Irvoni Mohd Ishar, Rosmimah Mohd Roslin

{"title":"Customer Voice Retaliation (CVR) Construct Verification: A Rasch Analysis Approach","authors":"Nor Irvoni Mohd Ishar, Rosmimah Mohd Roslin","doi":"10.1016/S2212-5671(16)30116-2","DOIUrl":"10.1016/S2212-5671(16)30116-2","url":null,"abstract":"<div><p>The study on customer complaining behaviour has received significant attention over the past decades. Generally, customers expect a fair treatment for the investments made in a relationship with the organisation. Hence, perceived unfairness will create an impression that they have been betrayed, and thus motivate them to complain as a way of expressing dissatisfaction. In extreme cases, they might opt for aggressive complaining to compensate unfairness. In this study, the term aggressive complaining will be replaced by customer voice retaliation (CVR). Based on previous literatures, a framework was developed to measure CVR which consist of three constructs. The aim of this study is to verify the construct for a new CVR framework. Rasch analysis was used to examine reliability for both respondents and items. It should give us the list of items that should be included in measuring the CVR constructs. Sample used for the study were 27 for pre-testing, and 66 for the pilot study. Respondents consisted of subscribers who had experienced dissatisfaction, and had to some extent performed complaining behaviour. From the pre-test analysis, item polarity indicates that all items were measuring in the same direction. Similarly, the summary statistic from the pilot study indicated that item reliability and item separation was 0.95 and 4.39 respectively, while for person reliability and person separation was 0.95 and 4.6 respectively. However, the result from the pilot test for model Unidimensionality suggested the existence of a secondary dimension which was a possible contributor to multicollinearity problem. This indicates that items for measuring CVR needs to be reviewed and instrument construct validity call for further refinement.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"37 ","pages":"Pages 214-220"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30116-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88130754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Pensions After Pension Reforms: A Comparative Analysis of Belarus, Kazakhstan, and Russia 养老金改革后的养老金:白俄罗斯、哈萨克斯坦和俄罗斯的比较分析

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)30010-7

Natalia Grishchenko

引用次数: 13

Examining the Relationship Between the Balance Sheet Accounts of US Biotechnology, Telecommunications and Transportation Sectors 考察美国生物技术、电信和运输部门资产负债表账户之间的关系

Procedia Economics and Finance Pub Date : 2016-01-01 DOI: 10.1016/S2212-5671(16)30220-9

Kaya Tokmakcioglu , Oguzhan Ozcelebi , Umut Ugurlu

引用次数: 0